Weekly Columns Archives - Philip J Milton & Company Plc

What does the Autumn Statement mean?

The markets have been steady following the Chancellor’s Autumn Statement, which came as no great surprise in its bid to tighten belts and curb public debt. The Pound did see a slight dip but has remained firm otherwise and that was more to do with what the Dollar was doing than the Pound itself. The budget...

Seeking out those elusive lost pension pots

Somewhere out there is almost £27billion in ‘lost’ pension pots, according to a recent report. The Times tells us there are 2.8 million ‘missing’ pots out there which highlights the difficulties savers can often face keeping track of what they hold. The startling numbers are based on a report from the Pensions Policy Institute, an industry...

What do rising interest rates mean for savers and mortgage seekers?

Interest rates have risen to 3%, the highest rate in 14 years and the subject dominating the headlines this week. On the surface it appears to be good news for savers and bad news for many people with mortgages, especially if their fixed term rate deal is set to expire and they need to go...

May the new Prime Minister bring stable markets

Let’s hope we can look forward to a little stability under new Prime Minister Rishi Sunak – initial reports at the time of writing on Monday suggested the markets had responded well, Sterling was up and Gilt yields were lower. Time will tell of course and Mr Sunak has a very large task ahead of...

Funeral plans to finally be regulated by the FCA

Funeral flowers laid on a plain background

Pre-paid funeral plans are finally and at long last being regulated following legislation passed by Parliament. As of July 29, the FCA (Financial Conduct Authority) will regulate these plans and is authorising 26 providers. It is understood that together these firms hold about 1.6million plans, which makes up 87% of the market. Regular readers of this...

Are you retiring this year? Give it some thought

Hundreds of thousands of workers will retire at the ‘worst time in two decades’ this year, according to a recent article in The Telegraph. With oil prices soaring, stocks falling and ever-increasing inflation, it is certainly an unstable time for the markets upon which so many pension pots rely. The fear is that people have seen...

Is crypto about to crash and burn?

Is it Armageddon for the cryptocurrency market? Recent headlines have shouted that more than $2trillion (yes, trillion!) has been wiped off the value of the overall crypto market following a crash since its high of November last year. Remember, these things are not regulated. That means there are no enforceable rules or protections and as...

Fuel prices will come down – eventually

With the cost of filling the average family car with fuel now £100 and the price of a litre of petrol predicted to hit a record £2, it is having a huge impact on everyone. Public transport and alternatives such as cycling to work may appear green and a good solution, but for many here...

What is it we actually do?

Businessman hands around a crystal ball with 'future' written on it

Some industries appear shrouded in mystery to the public at large and ‘what is it you actually do?’ is a common question we hear as a chartered wealth management company – as no doubt do many others in various professions. We offer various services, but the biggest by some margin is looking after the wealth...

Happy 70th anniversary Your Majesty

Queen's Coronation footstoll replica and memorabilia

The nation will be celebrating the Platinum Jubilee of Queen Elizabeth II from tomorrow (Thursday) with a four-day bank holiday weekend so we thought it might be interesting to compare the financial situation in the 70 years between then and now. Her Majesty actually ascended the throne on 6 February 1952 but did not wish...

What does the Autumn Statement mean?

Seeking out those elusive lost pension pots

What do rising interest rates mean for savers and mortgage seekers?

May the new Prime Minister bring stable markets

Funeral plans to finally be regulated by the FCA

Are you retiring this year? Give it some thought

Is crypto about to crash and burn?

Fuel prices will come down – eventually

What is it we actually do?

Happy 70th anniversary Your Majesty

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